The EU has reduced Russian gas imports by 75%, while only 3% of its oil is imported from Russia, European Commission President Ursula von der Leyen said at the World Economic Forum in Davos on Jan. 21.

Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.

Gas deliveries from Russia to Europe persist despite the EU's efforts, and Brussels is determined to halt this, Anna-Kaisa Itkonen, the EU’s spokesperson for energy and housing, said on Jan. 20.

European natural gas prices fluctuated amid reports that the European Union is considering phasing out Russian LNG as part of a fresh package of sanctions.

The ending of Ukraine’s long-standing role as transit route for Russian gas to Europe continues to exacerbate already existing tensions within Europe as the NATO proxy war heads into its third year

"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand. The informatio

Portugal hopes to further decrease the share of natural gas supplies it gets from Russia, Energy and Environment Minister Maria da Graca Carvalho said.

European gas inventories are being used up at the quickest pace since the depths of the energy crisis following Russia's invasion of Ukraine. Could a mooted ban on Russian liquefied natural gas (LNG) make things worse?